The account that measures the expense of the inventory sold during the period is called:

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The cost of sales account is used to measure the expense of the inventory sold during the period. It is also known as the cost of goods sold or cost of merchandise sold. The gross profit is calculated by subtracting the cost of sales from the revenue. The purchases account is used to record the cost of inventory purchased during the period. The cost of completed goods is not a commonly used account in financial accounting.

The Account That Measures the Expense of the Inventory Sold